Pakistan Loan

In a bid to address its persistent external financing issues, Pakistan has formally requested a supplementary loan of 10 billion yuan (CNY) (approximately USD 1.4 billion) from China.

Pakistan said Thursday it would have to go through "transitional pain" after the International Monetary Fund agreed to a new relief package of $7 billion to bolster its faltering economy.

The board of the International Monetary Fund on Wednesday agreed to loan Pakistan $7 billion to bolster its faltering economy, approving a relief package that Islamabad has pledged would be the last from the Washington-based lender.

Concerns are escalating within Pakistan's financial sector as negotiations with Chinese authorities over rescheduling energy sector loans have encountered complications, Dawn reported.

The International Monetary Fund said it reached a new $7 billion loan deal with Pakistan in a bid to bolster its faltering economy.

The International Monetary Fund (IMF) confirmed that the talks with Pakistan are underway on the 24th 'longer and larger' bailout programme under the Extended Fund Facility (EFF), reported ARY News.

With cash-strapped Pakistan running from pillar to post to get loan, its rich nationals own between 17,000 to 22,000 properties worth USD 12.5 billion in Dubai, according to a report.

The IMF has said that Pakistan faces major debt-repayment challenges and expressed serious doubts over the cash-strapped country's capacity to repay the global lender, according to a media report on Saturday.

The International Monetary Fund's (IMF) executive board has given the green light for a USD 1.1 billion loan tranche for Pakistan, signaling the conclusion of the second bailout package, ARY News reported.

Pakistan Prime Minister Shehbaz Sharif discussed a new loan programme with IMF Managing Director Kristalina Georgieva on Sunday, his office said in a statement.

The prime minister said that Pakistan government is compelled to enter into a new IMF deal for the purpose of stability.

The International Monetary Fund on Wednesday said it had reached a staff level agreement with Pakistan, which if approved by its board, will disburse $1.1 billion for the indebted South Asian economy also saddled with a balance of payment crisis.

Pakistan President Asif Ali Zardari's counsels on Tuesday invoked presidential immunity for him in a corruption case, commonly known as the Park Lane reference, in which he is accused of influencing authorities to release loans to front companies.

Pakistan has met the IMF's benchmarks for maintaining the status quo in the energy sector - in an outcome that may help to get the next loan tranche of USD 1.2 billion, officials said, ahead of the visit of the global lender's review mission to the c

Imran Khan confirmed on Friday that he had sent a letter to the International Monetary Fund (IMF) demanding that it hold an audit of the election results before approving any new loan for Islamabad, The News International reported.

In a bid to address its persistent external financing issues, Pakistan has formally requested a supplementary loan of 10 billion yuan (CNY) (approximately USD 1.4 billion) from China.

Pakistan said Thursday it would have to go through "transitional pain" after the International Monetary Fund agreed to a new relief package of $7 billion to bolster its faltering economy.

The board of the International Monetary Fund on Wednesday agreed to loan Pakistan $7 billion to bolster its faltering economy, approving a relief package that Islamabad has pledged would be the last from the Washington-based lender.

Concerns are escalating within Pakistan's financial sector as negotiations with Chinese authorities over rescheduling energy sector loans have encountered complications, Dawn reported.

The International Monetary Fund said it reached a new $7 billion loan deal with Pakistan in a bid to bolster its faltering economy.

The International Monetary Fund (IMF) confirmed that the talks with Pakistan are underway on the 24th 'longer and larger' bailout programme under the Extended Fund Facility (EFF), reported ARY News.

With cash-strapped Pakistan running from pillar to post to get loan, its rich nationals own between 17,000 to 22,000 properties worth USD 12.5 billion in Dubai, according to a report.

The IMF has said that Pakistan faces major debt-repayment challenges and expressed serious doubts over the cash-strapped country's capacity to repay the global lender, according to a media report on Saturday.

The International Monetary Fund's (IMF) executive board has given the green light for a USD 1.1 billion loan tranche for Pakistan, signaling the conclusion of the second bailout package, ARY News reported.

Pakistan Prime Minister Shehbaz Sharif discussed a new loan programme with IMF Managing Director Kristalina Georgieva on Sunday, his office said in a statement.

The prime minister said that Pakistan government is compelled to enter into a new IMF deal for the purpose of stability.

The International Monetary Fund on Wednesday said it had reached a staff level agreement with Pakistan, which if approved by its board, will disburse $1.1 billion for the indebted South Asian economy also saddled with a balance of payment crisis.

Pakistan President Asif Ali Zardari's counsels on Tuesday invoked presidential immunity for him in a corruption case, commonly known as the Park Lane reference, in which he is accused of influencing authorities to release loans to front companies.

Pakistan has met the IMF's benchmarks for maintaining the status quo in the energy sector - in an outcome that may help to get the next loan tranche of USD 1.2 billion, officials said, ahead of the visit of the global lender's review mission to the c

Imran Khan confirmed on Friday that he had sent a letter to the International Monetary Fund (IMF) demanding that it hold an audit of the election results before approving any new loan for Islamabad, The News International reported.